Mr. Melvyn Rahal reports

SHARES FOR DEBT

Sable Resources Ltd. has reached an agreement with RAH Management and Development Ltd., a company controlled by Melvyn M. Rahal, the chief executive officer of the company, to settle non-interest-bearing loans to the company in the amount of $250,000 in common shares at an issue price of five cents per share. Any shares issued in connection with the loan settlement will be issued in reliance on certain prospectus and registration exemptions under applicable securities legislation and will be subject to a hold period of four months and a day. The loan settlement is subject to all necessary regulatory approval, including the approval of the stock exchange.

About Sable Resources

Sable owns the Toodoggone gold project comprising 66 square kilometres of mineral tenure and mining leases, including the past producing Baker and Shasta mines, and the 250-ton-per-day Baker mill and tailings facility. The project is located in north-central British Columbia.

We seek safe Harbor.